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jay powell. no, this guy is the worst. so the notion he can pull this off, looks like everyone is starting to become a believer and it is not just main street, folks. take a look at this. these are professional newsletter writers. this is the bullishness. this is rocketing high. at a level typically associated with the market coming down. these are the experts. they get paid a lot of money on their newsletters. they're extremely bullish. retail sentiment investors, 51% bullish, that is extraordinarily high. i will say this, i know the wall street loves to the diss the retail investors they have been spot on last couple years more so than the pros. everyone on the same page. that kind of makes us a little bit nervous. i want to say one thing about the retail investor and i want you to pay attention to this. we always wonder where is the buying going to come from? three years ago, 3 trillion-dollars in margin this is how much money they borrow to buy more stock. the more they borrow at some point y
jay powell. no, this guy is the worst. so the notion he can pull this off, looks like everyone is starting to become a believer and it is not just main street, folks. take a look at this. these are professional newsletter writers. this is the bullishness. this is rocketing high. at a level typically associated with the market coming down. these are the experts. they get paid a lot of money on their newsletters. they're extremely bullish. retail sentiment investors, 51% bullish, that is...
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what do you want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the position to lower them. it's higher than the fed's target. households confronted 17% higher prices than they faced under donald trump. so number one, that's going to get a lot of questions, is he going to lower rates. the job against inflation, the biden infl inpl inflation is no. the second point is the biden regulatory policy, trying to push the fed to increase regulatory costs on banks at the moment when they're trying to struggle with those high interest rates that were necessary to fight biden's inflation and nonperforming assets increasing in the commercial real estate sector and other sectors. so i think jay powell will get a lot of questions about what i call pro-cyclical regulatory costs, meaning t
what do you want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the position to lower them. it's higher than the fed's target. households confronted 17% higher prices than they faced under donald trump. so number one,...
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market searching for direction ahead of federal reserve chairman jay powell second day two of testimony, dow industrial of 29, nasdaq up 75, the market extending yesterday's rally after fed chair jay powell told the house financial services committee rate cuts are coming this year. he'll testify once again in front of the senate banking committee right now. we will preview this morning, the house dodging a partial government shutdown after $460 billion funding bill, more stress on the banking sector as the new york community bancorp a new infusion of cash set to receive a billion-dollar investment, everything you need to know about the regionals and the impact on the broader market. european markets are lower, take a look at the eurozone a mixed story with the cat caught up six attacks and accept sexiness and p100 in london is lower by 17, the european central bank making the decision at 8:15 a.m. in asia overnight markets finish mostly lower, look at the asian embassies with the bright spot in korea, the others lowers lower across the board, biden delivers the third state of the union
market searching for direction ahead of federal reserve chairman jay powell second day two of testimony, dow industrial of 29, nasdaq up 75, the market extending yesterday's rally after fed chair jay powell told the house financial services committee rate cuts are coming this year. he'll testify once again in front of the senate banking committee right now. we will preview this morning, the house dodging a partial government shutdown after $460 billion funding bill, more stress on the banking...
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Mar 21, 2024
03/24
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we think about jay powell promising to be volcker 2.0. i have to be honest he feels more like burns. the reason burns is burns he blamed congress, he cannot do the right thing because congress kept browbeating him. do you think there is some sort of pressure? we heard from elizabeth warren, bernie sanders and maybe pressure from the white house on jay powell as well? >> we say on the podcast all the time, everybody has a plan until they get punched in the space. particularly fed chairman, they see any sort of stress they jump. a year ago in ma when svb headline came out, all of sudden opened up the bank lending program. that told the market they're quick to react in response to anything that is relatively negative. he is not paul volcker. paul volcker was willing to with stand it. people are saying how well jay powell is threing the needle. by a six month time period he missed the whole transitory thing when inflation was obviously not transitory. he got us to where we are right now. not ready to pat him on the back. he has a tough job pa
we think about jay powell promising to be volcker 2.0. i have to be honest he feels more like burns. the reason burns is burns he blamed congress, he cannot do the right thing because congress kept browbeating him. do you think there is some sort of pressure? we heard from elizabeth warren, bernie sanders and maybe pressure from the white house on jay powell as well? >> we say on the podcast all the time, everybody has a plan until they get punched in the space. particularly fed chairman,...
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jay powell will testify before the senate banking committee. what was your take away from the financial services committee yesterday and what he said and how he actually said immigration was one of the reasons that the economy is growing. >> well, he's looking at things -- we're feeling he's looking a at things what holistically. that's more government spending. we espent $450 billion last yean processing and settlement of illegals. if that's added into the gdp numbers, that's not exactly product i've the. what i heard yesterday was largely a very sober interpretation of where things are. it was more holistic than chairman powell has been in the past. they agreed they were very slow in dealing with inflation, two years ago they were calling it transitory. now the most rapid increase of interest rates ever. that's where it is. powell said some very important things. bbasel three is going to have broad and material change as he stated. he also stated that spending was minimizing the level of inflationary growth and a they're going to be staying t
jay powell will testify before the senate banking committee. what was your take away from the financial services committee yesterday and what he said and how he actually said immigration was one of the reasons that the economy is growing. >> well, he's looking at things -- we're feeling he's looking a at things what holistically. that's more government spending. we espent $450 billion last yean processing and settlement of illegals. if that's added into the gdp numbers, that's not exactly...
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to announce she is stepping down and will exit the campaign, and if jay powell on the hill speaking to the financial services committee in the house. i want to thank my guests this morning, great show, you guys. >> thank you, maria. >> thank you. maria: great to see you all. we will see you soon. see you again tomorrow, same time, same place. stu, take it away. stuart: good morning, everyone. it has been a i tumultuous 24 hours in politic the
to announce she is stepping down and will exit the campaign, and if jay powell on the hill speaking to the financial services committee in the house. i want to thank my guests this morning, great show, you guys. >> thank you, maria. >> thank you. maria: great to see you all. we will see you soon. see you again tomorrow, same time, same place. stu, take it away. stuart: good morning, everyone. it has been a i tumultuous 24 hours in politic the
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Mar 20, 2024
03/24
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jay powell has a lot to answer for right now. in addition to that you will get what we always get on fed day the emotional moves, it is really money following money. it doesn't seem to have any rhyme or reason. we get a chance to sleep on it. a lot of times the next day is the exact opposite move. i have to tell you folks, that is when it gets really worrisome. here is the good news we'll bring back qi research, ceo, danielle dimartino booth, economist, strategist, frances donald. i will apologize for jim, i almost always call you mcdonald every time. >> if jim grant saying it no worry. charles: he can call me hey if he wants to. i'm good with that. >> me too. charles: this is point brought up a lot, danielle i will ask you, the veracity of the data fed uses to make decisions particularly government surveys. we have a table we'll share with the audience. no one is filling out the survey. so from the, even before if everyone filled it out there would be questions but with 1/3, some of these surveys how do you make decisions on an
jay powell has a lot to answer for right now. in addition to that you will get what we always get on fed day the emotional moves, it is really money following money. it doesn't seem to have any rhyme or reason. we get a chance to sleep on it. a lot of times the next day is the exact opposite move. i have to tell you folks, that is when it gets really worrisome. here is the good news we'll bring back qi research, ceo, danielle dimartino booth, economist, strategist, frances donald. i will...
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Mar 19, 2024
03/24
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jay powell understands that if he cuts interest rates it will stimulate the economy and it will create more inflation and i don't think chairman powell wants to go down in history as the federal reserve chairman who couldn't get control of inflation. larry: you know, senator kennedy, i think i'm going to keep my house, because, hold your breath, i agree with you on this point, [laughter]. i'm going to hang on to my house. >> good. larry: i think you're right too. i don't think jay powell is dumb enough to do that kind of thing. >> i bet you have a nice house, larry, nicer than mine i'm sure. larry: i don't know. we'll compare sometime, senator. you can be a house guest at our place anytime you want in rural connecticut. >> i heard your house is bigger than a costco, man. larry: [laughter]. senator john kennedy, we love having you on the show, senator, thanks so much. coming up here on "kudlow," why do democrats hate israel? we'll talk about it with mississippi senator roger wicker. and then why is inflation actually much worse than you think? a new study by larry summers. we've got ste
jay powell understands that if he cuts interest rates it will stimulate the economy and it will create more inflation and i don't think chairman powell wants to go down in history as the federal reserve chairman who couldn't get control of inflation. larry: you know, senator kennedy, i think i'm going to keep my house, because, hold your breath, i agree with you on this point, [laughter]. i'm going to hang on to my house. >> good. larry: i think you're right too. i don't think jay powell...
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Mar 15, 2024
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does jay powell really care about joe biden? well, powell's term as fed chair goes all the way to may of 2026. there's really nothing joe biden can do to him, because biden will be retiring in january of 2025 anyway. and jay powell has indicated that he won't seek a third term. and for all the cynical talk about how the fed somehow must bend to the political whims of the president and his little minions, i actually think powell is immune from that kind of thinking. anyway, why should the fed get tangled up in election year politics? especially because the actual ed on inflation does not point to lower fed interest rates. that's the important part. now, surely the year on year inflation has dropped from 9% to somewhere between3 and 4%. but even with that, the actual level of consumer prices is up over 18% during biden's term, and that's driving typical families crazy. measured there from february of 2021, groceries up 21%, gasoline up 30%, cars up 20%, airline and transportation services up 34%, and those are just a couple of cat
does jay powell really care about joe biden? well, powell's term as fed chair goes all the way to may of 2026. there's really nothing joe biden can do to him, because biden will be retiring in january of 2025 anyway. and jay powell has indicated that he won't seek a third term. and for all the cynical talk about how the fed somehow must bend to the political whims of the president and his little minions, i actually think powell is immune from that kind of thinking. anyway, why should the fed...
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so what do you think we'll hear from jay powell on this week, wednesday and thursday? >> well, certainly the fed speak really in the last several weeks has been around the concept of continuing caution while they they see a lot of progress has been made, they don't want to act prematurely and i think looking at the rising inflation we've had really since mid-2022, again, they're really wanting to make sure they can counter act that by ensuring that the data is coming in sufficiently supportive of their case to really be able to begin to move to a pivot and so we expect chair powell to continue that messaging here as he testifies before both the house and the senate, really in terms of just continuing to emphasize the data dependence and need for continuing evidence before really moving further. maria: mark ten r, jump in -- mark tepper, jump in here. >> i expect jay powell to double down on the rhetoric of the fed being in no rush to cut rates any time soon. when you look at what's happening and go back throughout history around the globe, whenever there's a high infli
so what do you think we'll hear from jay powell on this week, wednesday and thursday? >> well, certainly the fed speak really in the last several weeks has been around the concept of continuing caution while they they see a lot of progress has been made, they don't want to act prematurely and i think looking at the rising inflation we've had really since mid-2022, again, they're really wanting to make sure they can counter act that by ensuring that the data is coming in sufficiently...
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markets are on the move ahead of a major week of retail earnings and jay powell's testimony on capitol hill. we'll talk with the word on wall street panelists coming up with their expectations, what will jay powell say about lower interest rates? you're watching "mornings with maria" live on fox business. ♪ in a rocky mountain setting spanning over 280,000 acres. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick back for intimate performances from the best in country music. enhance your wellness and longevity through our mayo clinic programs, or plan your meeting for a memorable corporate retreat. discover the west kept secret. go to three forks ranch.com to book your luxury experience. get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can h
markets are on the move ahead of a major week of retail earnings and jay powell's testimony on capitol hill. we'll talk with the word on wall street panelists coming up with their expectations, what will jay powell say about lower interest rates? you're watching "mornings with maria" live on fox business. ♪ in a rocky mountain setting spanning over 280,000 acres. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick...
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it is money of jay powell's business how many doritos are in a bag of chips. it is none of joe biden's business what uber and lyft charge at 5:00 versus 6:00. you know who cares? the consumer paying it. you know who cares in the producer either getting it or not getting it. westernty's shouldn't say they were horsing around, they should say we were trying economic calculation. sometimes you get things right, sometimes you get things wrong. is ask the new coke in the 1980s. you try things. if they don't work, you move on to the something different. the state intervening hurts the process of consumers and producers working together. charles: so i thought about you last night because now there's a proposal to take the pax tax -- tax buybacks, right now it's 1%, make it 4%. corporations reward share holders through buybacks and dividends. if biden were to get reelected and we had a 4% buyback tax, could that bolster to pay out some dividends? >> it would. and i want to be very clear that i don't want hem to do it just because it would help my book and the way we g
it is money of jay powell's business how many doritos are in a bag of chips. it is none of joe biden's business what uber and lyft charge at 5:00 versus 6:00. you know who cares? the consumer paying it. you know who cares in the producer either getting it or not getting it. westernty's shouldn't say they were horsing around, they should say we were trying economic calculation. sometimes you get things right, sometimes you get things wrong. is ask the new coke in the 1980s. you try things. if...
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Mar 20, 2024
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eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these days, and you'll get whiplash. late tuesday the supreme court said it's okay for authorities in texas to arrest illegal migrants. just a couple of hours later an appeals court in new orleans says, hold on, we're pointing to hear an appeal to the texas law so it's on hold while we deliberate. biden says republicans are blocking real border solutions. that's strange when with texas is the only place that has actually cut the illegal flow. more politics. trump's candidate won the ohio gop primary. he solidifies his grip on the are republican party. biden won all the democrat primaries, b
eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these...
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Mar 26, 2024
03/24
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the market is telling us what it thinks of jay powell, 3 cuts in 2024, 75 basis points. economic data and all the relevance of historic data, has to be reevaluated little bit. what the investors and investment community, ending a spectacular quarter across the board. pullbacks and markets, if you call this, we've had three months of solid bullish market down 100 points. nothing to know about. neil: a lot of people saw this as the internet boom all over again, you 've covered many a boom and bust. what do you think of that? >> a number of people are smarter than me like dan ives of wedbush, you've spoken to him before. if i may call it that, the amount of money put into it was multi trillions on fast track, we need to note we've seen a nice breath of the russell, has also been in the solid bullish mode, it is not taking it where it needs to go today. suddenly, even if tech pools back a little bit, even with intact, even those are on the super cryer. there's another market performing well. neil: right on all counts as usual. good seeing you. >> see you at dow 40,000. neil:
the market is telling us what it thinks of jay powell, 3 cuts in 2024, 75 basis points. economic data and all the relevance of historic data, has to be reevaluated little bit. what the investors and investment community, ending a spectacular quarter across the board. pullbacks and markets, if you call this, we've had three months of solid bullish market down 100 points. nothing to know about. neil: a lot of people saw this as the internet boom all over again, you 've covered many a boom and...
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all eyes are on jay powell and the fed. he won't have a rush to cut rates. >> real quick, final word. >> jetblue termination is because of the government stepping in. they are doing it too much and it's antibusiness. >> they don't want to see companies get bigger. thank you everybody. see you same place. varney and company picks it up. >> what a week
all eyes are on jay powell and the fed. he won't have a rush to cut rates. >> real quick, final word. >> jetblue termination is because of the government stepping in. they are doing it too much and it's antibusiness. >> they don't want to see companies get bigger. thank you everybody. see you same place. varney and company picks it up. >> what a week
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Mar 21, 2024
03/24
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jay powell keeping rates unchange signaling rate cuts on the bored, we have reaction, do not credit the fed for inflation's decline we're on that you are watching "mornings with maria" live on fox business, stay with us. . ♪ ♪ . ♪ ♪ next. next. stop. we got it? no. keep going. aga... [ sigh ] next. next. if you don't pick one... oh, you have time. am i keeping you from your job. next. i don't even know where i am anymore. stop. do we finally have it? let's go back to the beginning. are you... your electric future. customized. the fully-electric audi q4 e-tron. ♪ ♪ (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. why choose a sleep number smart bed? can it keep me warm when i'm cold? wait. no i'm always hot. sleep number does that. now, save up to $1,000 when
jay powell keeping rates unchange signaling rate cuts on the bored, we have reaction, do not credit the fed for inflation's decline we're on that you are watching "mornings with maria" live on fox business, stay with us. . ♪ ♪ . ♪ ♪ next. next. stop. we got it? no. keep going. aga... [ sigh ] next. next. if you don't pick one... oh, you have time. am i keeping you from your job. next. i don't even know where i am anymore. stop. do we finally have it? let's go back to the...
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Mar 20, 2024
03/24
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eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these days, and you'll get whiplash. late tuesday the supreme court said it's okay for authorities in texas to arrest illegal migrants. just a couple of hours later a
eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these...
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senator markwayne mullin joining us a break markets on move ahead of jay powell's two-day testimony before house financial services committee and senate banking committee kicks off tomorrow, pete najarian is here with his thoughts on the humphrey-hawkins testimony you are watching "mornings with maria" live on fox business. . . before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable
senator markwayne mullin joining us a break markets on move ahead of jay powell's two-day testimony before house financial services committee and senate banking committee kicks off tomorrow, pete najarian is here with his thoughts on the humphrey-hawkins testimony you are watching "mornings with maria" live on fox business. . . before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern...
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thank you for being here what are your expectations for jay powell this morning. >> i think he will come out a little bit more hawkish than he did in his last testimony he talked about three rate cuts in 2024 and i'm old enough to remember when we were at six or seven rate cuts for 2024 which was a few months ago but now were looking at rate cuts and originally going to start marching moved to june, it's likely there could be a one and done and no rate cuts because of inflation, the last 1% to get to target is going to be very tough and there is a risk that inflation could really accelerate. we may not see rate cuts for some time and i think he will allude to that that they will be very cautious in the first cut and rates. maria: was that the issue for markets yesterday it was a broad-based selloff now industrials down better than 400 points and aspect into it at 67, dragged down by three tech stocks which are getting hammered apple down after report revealed the iphone sales in china plunged 24% for six weeks of the year tesla was down and also with china the shutdown of the berlin fact
thank you for being here what are your expectations for jay powell this morning. >> i think he will come out a little bit more hawkish than he did in his last testimony he talked about three rate cuts in 2024 and i'm old enough to remember when we were at six or seven rate cuts for 2024 which was a few months ago but now were looking at rate cuts and originally going to start marching moved to june, it's likely there could be a one and done and no rate cuts because of inflation, the last...
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Mar 20, 2024
03/24
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the star of the show, fed chair jay powell plays himself. the great thing about these powell performances they're like war schalk tests you can read anything into them you want. wall street spends untold sums hiring analysts to interpret mr. powell. investors are baffled by all of this commentary. after today's performance stocks went up 400 points or so so somebody's happy out there. now are they happen because the fed leaned against the win and suggested no easier money? that mr. powell is going to hold the line with his 2% inflation target? or that the fed is not going to start slashing rates in order to juice the economy, to reelect joe biden? i don't know what the reason is. others might say the fed economic projections still show three interest rate cuts this year, even though these economic projections are nearly always wrong. i think the best thing powell said he will keep his 2% inflation target and not raise it to 3% and in fact the fed's not there yet. here's some price level indicators that we all should keep an eye on including
the star of the show, fed chair jay powell plays himself. the great thing about these powell performances they're like war schalk tests you can read anything into them you want. wall street spends untold sums hiring analysts to interpret mr. powell. investors are baffled by all of this commentary. after today's performance stocks went up 400 points or so so somebody's happy out there. now are they happen because the fed leaned against the win and suggested no easier money? that mr. powell is...
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more likely, it's connected to comments from jay powell. he says he will scale back on rates later this year, but he's not saying exactly when. there's maybe some dip buying as a well. dow's up 200. this is premarket. s&p, 31. and the nasdaq, nice gain, 166. plenty of green this morning. lots of red yesterday. interest rates continue to drift lower. look at that, the yield on the 10-year treasury is 4.12, and the yield on the 2-year is just above 4.5%, 4.53 right now. bitcoin molding on to its gapes -- holding on to the its gains, 66 and change for bitcoin right now. the record high is $69,202. there you go. maybe we'll get there soon. gold close to its all-time high, it is well over $2100 an ounce, 2146 to be precise is. gas keeps on creeping up ever so gradually. $3.38 for regular now, up 2 cents overnight. diesel, to change, $4.05. >>> on the show today, elon musk visits donald trump. the speculation is that trump needs cash quickly to pay his $3 55 fine plus interest. the president looked shaky. he asked permission to stay at a his own
more likely, it's connected to comments from jay powell. he says he will scale back on rates later this year, but he's not saying exactly when. there's maybe some dip buying as a well. dow's up 200. this is premarket. s&p, 31. and the nasdaq, nice gain, 166. plenty of green this morning. lots of red yesterday. interest rates continue to drift lower. look at that, the yield on the 10-year treasury is 4.12, and the yield on the 2-year is just above 4.5%, 4.53 right now. bitcoin molding on to...
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charles: before i let you go, jay powell confident about a soft landing although we know there will not be six rate cuts. is this a good thing? i know you talked about in december these rate cuts being good for small caps so on that notion, small caps are making a stealth rally, should you wait for the cuts to happen or should we start nibbling there? >> small caps are totally tied to the economy. so your bet has to be the fed is going to cut rates and we're not going to have a significant slow down in the economy, right? small cap, mid-cap stocks are very sensitive to changes in economic demand. so the hope here is, that you know, for the russell 2000 to continue that rally, that, you have to have fairly strong economic growth continue. if you do, that really doesn't auger for a lot of rate cuts for the fed because of the inflationary pressure. i think this will be a real balancing act for the fed and i would be a little bit cautious. i wouldn't overweight small cap here. it is okay to be in it. i wouldn't overweight it here because of that risk. charles: i got you. lance, good stuff a
charles: before i let you go, jay powell confident about a soft landing although we know there will not be six rate cuts. is this a good thing? i know you talked about in december these rate cuts being good for small caps so on that notion, small caps are making a stealth rally, should you wait for the cuts to happen or should we start nibbling there? >> small caps are totally tied to the economy. so your bet has to be the fed is going to cut rates and we're not going to have a...
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Mar 12, 2024
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charles: of course coming into all of this, jay powell vowed he would not be arthur burns. he would be volcker 2.0. if he cuts too early, and mess this is up, forget it. one thing you've been emphasizing, you say, hey, forget about these overweight bets on themes. instead focus, drill down on value. one name you like is deere. you say it is best in class. you like it because of the cycle we're in and also strong fundamentals. tell us more. >> this is a really cyclical company and we're entering a low point in that cycle and if you extract the graph back on deere even further you will see it tends to outperform the s&p 500 over long periods of time. we like the low point of the cycle. we like the bad sentiment around deere today for an entry point into a name we believe is kind of entering that next leg. what i mean by that next leg, they have done really interesting work. the management team are visionaries and when you think about even the application of robotics they have ready and available for weed killing, and look at the investment they made into starlink, that change
charles: of course coming into all of this, jay powell vowed he would not be arthur burns. he would be volcker 2.0. if he cuts too early, and mess this is up, forget it. one thing you've been emphasizing, you say, hey, forget about these overweight bets on themes. instead focus, drill down on value. one name you like is deere. you say it is best in class. you like it because of the cycle we're in and also strong fundamentals. tell us more. >> this is a really cyclical company and we're...
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Mar 18, 2024
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jay powell said i will not be arthur burns. i which not cut prematurely. >> yes. charles: therefore the insinuation i would rather stay high for too long than to cut prematurely. >> even if they cut-rates three times for sole of 75 basis points, as their dot plot suggests interest rates will be at 17-year high. interest rates will be higher for longer. hopefully not as high as they are. that will push a overleveraged u.s. consumer into default situations. that will slow down the economy further and we start talking about recessions. >> still given their druthers, two equal sets of risk, cutting too soon, remaining too high, they will stick with remaining too high. >> until at least july. they have to see two consecutive quarters of slowdown before getting interest rates. i still think we will get three interest rate cuts this year. charles: we look at some of your investment ideas. everyone is kind of familiar with microsoft. lily is big time with the weight-loss drug. what is rythym. >> this is the another area to play the obesity drug euphoria. $2.4 billion micr
jay powell said i will not be arthur burns. i which not cut prematurely. >> yes. charles: therefore the insinuation i would rather stay high for too long than to cut prematurely. >> even if they cut-rates three times for sole of 75 basis points, as their dot plot suggests interest rates will be at 17-year high. interest rates will be higher for longer. hopefully not as high as they are. that will push a overleveraged u.s. consumer into default situations. that will slow down the...
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Mar 18, 2024
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powell famously looks at core services, throwing out commodities and goods and housing, that is his definition of inflation signal that is only looking at 35% of the basket. i am looking at twice that stripping out the stuff the lagy stuff trying to improve signal to noise ratio in measurement of inflation the important part. maria: things americans care about, are faced with everyday price of food go to the grocery store sticker shock the price of you know -- >> also exactly things the confessed can't do anything about, what is it that you think the fed can do to lower gasoline prices cause a depression, 20% interest rate that would be get a serve up consumers we are worried about. maria: i understand what you are saying so you are expecting the fed to cut rates beginning when don? >> so at this point i am kind of where market is at i think probably july. but, you know, i don't think any kind of inflation plrj i don't think fed sm raise rates but i will tell you for sure, every fed spokesman constantly saying how tight the fed policy is this isn't dots, there is a longer term that
powell famously looks at core services, throwing out commodities and goods and housing, that is his definition of inflation signal that is only looking at 35% of the basket. i am looking at twice that stripping out the stuff the lagy stuff trying to improve signal to noise ratio in measurement of inflation the important part. maria: things americans care about, are faced with everyday price of food go to the grocery store sticker shock the price of you know -- >> also exactly things the...
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Mar 20, 2024
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we expect jay powell to speak at 2:30 p.m. eastern. one portfolio manager said traders are expecting high rates but the real economies does not. jim juror jordan is here at 8:. eastern. don't miss that. you're watching "mornings with maria" live on fox business. ♪ everyone say, “space pod.” cheese. [door creaks open] [ominous music] (♪) [ding] meanwhile, at a vrbo... when other vacation rentals are just for likes, try one you'll actually like. before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire maria: welcome back. time for the word on wall stre
we expect jay powell to speak at 2:30 p.m. eastern. one portfolio manager said traders are expecting high rates but the real economies does not. jim juror jordan is here at 8:. eastern. don't miss that. you're watching "mornings with maria" live on fox business. ♪ everyone say, “space pod.” cheese. [door creaks open] [ominous music] (♪) [ding] meanwhile, at a vrbo... when other vacation rentals are just for likes, try one you'll actually like. before you use ai to transform...
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powell testified before the house financial services committee un-aware at the moment of the stomach churning drop in the stock and bank may be fayettevilles a problem more anticipated and shutting down the emergency program and implemented a year ago as silicon valley bank collapsed taking down other regional bank withs it. ensuringly kidty if the bank -- insursuringly quitty and gold ad bitcoin at the moment in gustable slightly all time high and it made yesterday and up about 6% at the moment to $67,000 and gold recently hit an all time high as well and we got it here. let's fix that chart for you. we do have the yellow medal up about $10 to $2,152 a troy ounce. bitcoin billionaire mike and bing capital cochair steve here to assess all the breaking news and first wall street journal top fed journal and what bizarre timing that jay powell was before the house financial services committee had no idea what was happening with new york community bank stock and what do you think he learned and what would he have done with right after he finished testimony in q2? >> new york community ba
powell testified before the house financial services committee un-aware at the moment of the stomach churning drop in the stock and bank may be fayettevilles a problem more anticipated and shutting down the emergency program and implemented a year ago as silicon valley bank collapsed taking down other regional bank withs it. ensuringly kidty if the bank -- insursuringly quitty and gold ad bitcoin at the moment in gustable slightly all time high and it made yesterday and up about 6% at the...
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Mar 15, 2024
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we want to look at what jay powell may say in that guidance, inflation data of course, giving the fed more reasons to delay rate cuts until later this year. we'll get into it with the word on wall street panel and their expectations. don't miss it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ straight up now tell me do you really want to love me forever. ♪ or am i caught in a hit and run. ♪ straight up now tell me is it gonna be you and me together. ♪ or are you just having fun to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. (vo) explore the world the viking way from the quiet comfort of elegant small ships with no children and no casinos. we actually have reinvented
we want to look at what jay powell may say in that guidance, inflation data of course, giving the fed more reasons to delay rate cuts until later this year. we'll get into it with the word on wall street panel and their expectations. don't miss it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ straight up now tell me do you really want to love me forever. ♪ or am i caught in a hit and run. ♪ straight up now tell me is it gonna be you and me...
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Mar 21, 2024
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secretly jay powell will not cut-rates this year anyway before the election. on the other hand, nick petraeus of "wall street journal" who covers the beat very smart guy, how the fed was dovish. i was reading the term dovish from a lot of people. i don't think -- he is keeping 2% target, isn't that the where the rubber meets the road? all the lefties wanted him to go to 3%, hurry up, cut-rates, juice the economy to bail out joe biden, i don't see him doing that. >> i don't think so, i think it would be ashamed for to change the long term inflation economists. most economists you two two no more than i would, 2% in the long run is what you want it generally to be. >> they kept the long run inflation target the same and moved the long run fed funds rate. that is going to keep moving. they will keep moving that up. what they're communicating there, it takes slightly higher rates than they used to be believe to get down to 2% this is actually a hawkish message. larry: by the way i want to add on, maybe you should have put this in my riff, you wipe out gas-powered
secretly jay powell will not cut-rates this year anyway before the election. on the other hand, nick petraeus of "wall street journal" who covers the beat very smart guy, how the fed was dovish. i was reading the term dovish from a lot of people. i don't think -- he is keeping 2% target, isn't that the where the rubber meets the road? all the lefties wanted him to go to 3%, hurry up, cut-rates, juice the economy to bail out joe biden, i don't see him doing that. >> i don't think...
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jay powell will address the house tomorrow and the senate on thursday. what that could mean for potential rate cut coming up. the word on wall street panel is here to weigh in. don't miss it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ you'll be my something sweet. ♪ i'll be your strong and steady. ♪ you'll be my glass of wine. ♪ i'll be your shot of whiskey. ♪ i'll be your shot of whiskey. ♪ you'll be my sunny day. ♪ i'll be your shade tree. ♪that like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing across all your benefits and savings options. so you can feel confident in your financial choices. ♪ they really know how to put two and two together. voya, well planned, well invested, well protected. ♪ i have type 2 diabetes, but i manage it well ♪ ♪ jardiance! ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's start! ♪ ♪ as time went on it was easy to see ♪
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Mar 25, 2024
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this latest verse of jay powell has a lot of folks scratching their heads. meanwhile rotation and red flags. there is a lot going on beneath the surface. we have you covered. baseball scandal, chip wars, and president biden weighing in on real estate commissions. all that is for rob luna. past is prologue, welcome back judge roy bean and tom fitton on law fair in 2024. my latest on the casualties in the scorched earth climate change agenda. all that and so much more on "making money." ♪. charles: you know the old saying, follow the money? you can also say maybe follow the targets. so last week i pointed out wall street continues to stress their targets, right? and here's the thing they have been so tepid, they have been very, very tepid. coming into the year you can see i mean the numbers are really low. the street was looking on average 4891. we blew that past a long time ago. societe generale, 5200. this is what you will start seeing now. sort of like, if things are freight, this is what happens. it is really weird, if i jump off a pier i will get wet. o
this latest verse of jay powell has a lot of folks scratching their heads. meanwhile rotation and red flags. there is a lot going on beneath the surface. we have you covered. baseball scandal, chip wars, and president biden weighing in on real estate commissions. all that is for rob luna. past is prologue, welcome back judge roy bean and tom fitton on law fair in 2024. my latest on the casualties in the scorched earth climate change agenda. all that and so much more on "making money."...
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liz: steve, jay powell is speaking tomorrow and then thursday. what are you expecting from him, and when are you expecting the first rate cut? if. >> i think what we're probably expecting from him baseline is he's going to reinforce this narrative that they can be patients continue to watch the data come in. the market's pricing that in. you know, tom and i were talking before the show just how it's shifted. we shifted from as many as a six cuts to a little over three and a half at this point. i do think the market's sort of centered on around a june, so we'll see if that plays out. but i think he's more than likely going to reinforce that message. liz: okay. guys, we gotta run. were very close to session lows, particularly with the nasdaq. the nasdaq's session low, new one, 329-point loss, we're down 324 point wees. steve, tom, always a good to see you both. thank you very much. >>> you know, it it may seem anti-green, one major industrial making a very big bet that diesel is not dead. but the ceo of engine maker cummins is here to tell us why h
liz: steve, jay powell is speaking tomorrow and then thursday. what are you expecting from him, and when are you expecting the first rate cut? if. >> i think what we're probably expecting from him baseline is he's going to reinforce this narrative that they can be patients continue to watch the data come in. the market's pricing that in. you know, tom and i were talking before the show just how it's shifted. we shifted from as many as a six cuts to a little over three and a half at this...
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Mar 20, 2024
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powell at 2:30 p.m. eastern after the meeting concluded at 2:00 o'clock and perhaps will get clarity on what the fed is on rate cuts, joining the fitz-gerald group principal keith fitz-gerald. great to see you, the fed is in a bind according to knecht amorose who was with us yesterday with the wall street journal because the last month of inflation really were hotter than expected do you keep up the fight of inflation to take the inflation down with more rate hikes or do you deal with the market expecting that you very been successful in taking inflation way down and start cutting rates, what are you expecting? >> that's an interesting question. i am the latter the markets are forward-looking which is data-driven and data looking in the rearview mirror, i would like to see the strategic decisions going forward. maria: rebecca you heard from christine legarde from the european central bank. i want to talk about what you read from that. here is jim grant his interest-rate observer founder was with us last
powell at 2:30 p.m. eastern after the meeting concluded at 2:00 o'clock and perhaps will get clarity on what the fed is on rate cuts, joining the fitz-gerald group principal keith fitz-gerald. great to see you, the fed is in a bind according to knecht amorose who was with us yesterday with the wall street journal because the last month of inflation really were hotter than expected do you keep up the fight of inflation to take the inflation down with more rate hikes or do you deal with the...
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Mar 21, 2024
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markets higher across the board after jay powell said to expect three rate cuts this year and three more over the next two years all three major nbc closed in record territory since the first time since november 2021, what a performance with the dow industrial 401 and the nasdaq 202 at the close yesterday. everything investors are watching. initial jobless claims in the philadelphia fed and ducks at 8:30 a.m. eastern. european markets are mixed, the eurozone factually higher. the bank of england making this decision we will have that news. in asia overnight markets finished higher with the exception of the shanghai composite, the cosby in korea to win 3%. the biden family influence peddling catching up as a former business associate of hunter biden testifies on capitol hill giving a list of crimes that he said they are guilty of this as house democrats sweep the growing evidence under the rug, james comer and vice president biden to testify on the foreign influence peddling as the impeachment investigation is now heating up. strategic wealth partner mark tepper, gop strategist and cyber
markets higher across the board after jay powell said to expect three rate cuts this year and three more over the next two years all three major nbc closed in record territory since the first time since november 2021, what a performance with the dow industrial 401 and the nasdaq 202 at the close yesterday. everything investors are watching. initial jobless claims in the philadelphia fed and ducks at 8:30 a.m. eastern. european markets are mixed, the eurozone factually higher. the bank of...
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Mar 14, 2024
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we have fed watcher danielle dimartino booth jay powell, ha he has a tougher task than 24 hours ago. before you give up the hope of the american dream folks, katrina cam pens joins me. it is harder and harder but not i am possible. all that and so much more on "making money." ♪. charles: so this morning we saw what amounts to back-to-back economic data come in exactly the opposite of what wall street expected and what investors actually hoped for. i'm talking of course the ppi number, producer price index. that is on inflation. that was hotter than consensus. there were retail sales which increased less than expected. here is really what is interesting also. it was far less than expected if you factor in the prior month's revision. i will tell you about that in a moment. like the day before when the cpi number was hotter than expected equity futures initially declined, bond yields went up, what you expect happen but then opposite direction. we're going where we are supposed to now. some say this is the kind of stuff you see during market bubbles but maybe that is an even deeper exp
we have fed watcher danielle dimartino booth jay powell, ha he has a tougher task than 24 hours ago. before you give up the hope of the american dream folks, katrina cam pens joins me. it is harder and harder but not i am possible. all that and so much more on "making money." ♪. charles: so this morning we saw what amounts to back-to-back economic data come in exactly the opposite of what wall street expected and what investors actually hoped for. i'm talking of course the ppi...
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Mar 11, 2024
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i don't know if jay powell took a shot after he saw that or not? >> i think long-term the fiscal deficit is baked into the cake. regardless of election outcomes, regardless of a lot of things, a lot is demographic driven. a lot has built up over a long period of time. that is constant multitrillion dollar deficit which is a background stimulus for certain parts of the economy that are receiving it but also structurally inflationary and the tight monetary policy can restrict some areas of the economy, particularly the interest interest rate sensitive areas, commercial real estate all the usual names. the problem when the public debt is so high relative to the size of the economy like it is right now, the higher interest rate also blows out the deficit significantly and so the overall monetary policy becomes somewhat less effective at cooling down the economy or cooling down inflation than it would if there was a lower debt environment. so one of the reasons i'm bullish on assets like bitcoin or gold or say energy stocks, for example, is because i th
i don't know if jay powell took a shot after he saw that or not? >> i think long-term the fiscal deficit is baked into the cake. regardless of election outcomes, regardless of a lot of things, a lot is demographic driven. a lot has built up over a long period of time. that is constant multitrillion dollar deficit which is a background stimulus for certain parts of the economy that are receiving it but also structurally inflationary and the tight monetary policy can restrict some areas of...
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Mar 20, 2024
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so jay powell's fed performance it is the hottest broadway show around. so far he is sticking with the
so jay powell's fed performance it is the hottest broadway show around. so far he is sticking with the
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Mar 29, 2024
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daniel, you just heard from jay powell. do you think he might agree? >> well, thank you very much, lauren. i think that's the big mistake that we are seeing, is that the inflation reduction act has become the inflation perpetuating mistake. the decision of the government to massively increase spending and massively increase deficit which is, ultimately, printing money has made inflation worse. i am particularly concerned about the fact of the genuine reading has been revised up. the january reading. and the february reading when we rook at the tree months' trend and the six months' trend is actually very negative if because with it's accelerating. so what it's showing, basically, is that the government is unnecessarily hitting up the economy and -- heating up the economy and making americans poorer at the same time. the reality is that disposable income has fall opinion yet again. so i think it's a very dangerous situation for the fed to call the success of having beaten the inflation problem because it's not beating anywhere. remember that inflation i
daniel, you just heard from jay powell. do you think he might agree? >> well, thank you very much, lauren. i think that's the big mistake that we are seeing, is that the inflation reduction act has become the inflation perpetuating mistake. the decision of the government to massively increase spending and massively increase deficit which is, ultimately, printing money has made inflation worse. i am particularly concerned about the fact of the genuine reading has been revised up. the...
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Mar 12, 2024
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if they do cut before the other candidates, starts with a t, will scream at jay powell which he is accustomed to doing anyway. it will be just like old times. >> you have to think joe biden's advisors must be pulling their hair i betcha they will cut. that really puts the fed in awkward position. if they cut they look like they're obeying what joe biden told them to do. larry: this is interesting. the stock market went up today, what did you say the s&p hit -- >> record high, record my. that is important. on the other hand inflation is not creeping down. it is kind of creeping up or maybe it is just creeping. this is something the fed has to pay attention to. if you're going to meet your target of 2%, there is nothing in here that says you're meeting your target at 3%. >> core at 3.8, 3.7, you're still almost double the target of 2%. the fed looks at pce, this is cpi. we're nowhere at 2%. some notes, harkens back to the 1970's, the era we thought we had inflation under. we cut, we saw reacceleration in inflation. the fed needs to be worried about especially the market at record high. talk abo
if they do cut before the other candidates, starts with a t, will scream at jay powell which he is accustomed to doing anyway. it will be just like old times. >> you have to think joe biden's advisors must be pulling their hair i betcha they will cut. that really puts the fed in awkward position. if they cut they look like they're obeying what joe biden told them to do. larry: this is interesting. the stock market went up today, what did you say the s&p hit -- >> record high,...
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maria: this week listening closely to jay powell is a rinks remarks i got a chairman of the federal reserve center testified before committees on the house on wednesday the senate on thursday. he will likely be his last public comment before the march meeting how is expected to be question on inflation is coming up interest rates to come will be following middle mornings with maria six - 9:00 a.m. eastern on foxbusiness we did soreness i will see you at 10:0e fox channel and personally morning futures five exclusive interviews with senators jd vance and roger marshall and government accountability is a new president peter steve garvey also enjoyed us come alive for that explosive and that will do it for us well, you're in foxbusiness, i was you again newsom and have a great rest of the weekend thank you so much for joining us.
maria: this week listening closely to jay powell is a rinks remarks i got a chairman of the federal reserve center testified before committees on the house on wednesday the senate on thursday. he will likely be his last public comment before the march meeting how is expected to be question on inflation is coming up interest rates to come will be following middle mornings with maria six - 9:00 a.m. eastern on foxbusiness we did soreness i will see you at 10:0e fox channel and personally morning...
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Mar 29, 2024
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i think if i'm jay powell, i'm breathing a sigh of relief. i am clicking my heels and accelerating because, think about this, there's all these concerns about a january and february cpi and ppi coming in a little bit higher than expected. but and we, we kept saying to our clients and to our advisors those were anomalies. and if you look at the data today, the pce, it shows they were anomalies. housing costs came down lore. if we go back to january, cpi came in well above expectations driven by rent are. but if you look at cpe today though, a lot of that got reversed in terms of housing inflation. we feel really good about this number and, again, if you're jay powell, you're saying, mission accomplishedded. inflation is rolling over, it's slowing down, and the economy's proving to be very resilient. taken together, soft landing is in play and, again or or mission accomplished by the fed. kelly: well, that's certainly what wall street wants to see. you know, tom, i want to get your take on some of the other economic data that we had coming in t
i think if i'm jay powell, i'm breathing a sigh of relief. i am clicking my heels and accelerating because, think about this, there's all these concerns about a january and february cpi and ppi coming in a little bit higher than expected. but and we, we kept saying to our clients and to our advisors those were anomalies. and if you look at the data today, the pce, it shows they were anomalies. housing costs came down lore. if we go back to january, cpi came in well above expectations driven by...
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over to you, jay powell. stuart: thought the market reported positively to that, the downside move. may be powell had -- stuart: 50 on the nasdaq. now this. the only way to beat donald trump is at the ballot box, the wonderful truth about democracy. they mounted a massive legal challenge to the former president and use the courts to veto it. they claim to be defending democracy and are doing the opposite. tried to decide one state who can be on the ballot in the other 49 states, makes america look like a banana republic, the supreme court told them to get lost but democrat jamie raskin, to keep insurrectionist like trump off the ballot. we should member trump has never been charged or convicted of insurrection. in new york, leticia james has twisted the law because she wants to get trump. trump has been fined $355 billion which which is over $400 million. you think she is saving democracy by trying to bankrupt a political opponent? in georgia, it is political persecution, in trouble because of alleged prosecutorial misconduct. in the documents case, to retain classified material, bi
over to you, jay powell. stuart: thought the market reported positively to that, the downside move. may be powell had -- stuart: 50 on the nasdaq. now this. the only way to beat donald trump is at the ballot box, the wonderful truth about democracy. they mounted a massive legal challenge to the former president and use the courts to veto it. they claim to be defending democracy and are doing the opposite. tried to decide one state who can be on the ballot in the other 49 states, makes america...
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all eyes are on jay powell and the fed. he won't have a rush to cut rates. >> real quick, final word. >> jetblue termination is because of the government stepping in. they are doing it too much and it's antibusiness. >> they don't want to see companies get bigger. thank you everybody. see you same place. varney and company picks it up. >> what a week coming up. this is politics on steroids and biden is not looking good. a new york times poll shows a large majority of people. 61% believe he's too old for a second term. the wall street journal said democrats are in a panic. one hour from now the supreme court will issue a ruling about keeping trump off the ballot. they will likely keep him on-the-ball lot and that's a hit on biden. biden will win the primary but write-in uncommitted votes. thursday state of the union message a nightmare for biden. he can't afford a gaf or slur his words. everyone is looking at him to see if he can do his job. we'll have a better idea to see if the president will be on the top of the ticket. b
all eyes are on jay powell and the fed. he won't have a rush to cut rates. >> real quick, final word. >> jetblue termination is because of the government stepping in. they are doing it too much and it's antibusiness. >> they don't want to see companies get bigger. thank you everybody. see you same place. varney and company picks it up. >> what a week coming up. this is politics on steroids and biden is not looking good. a new york times poll shows a large majority of...
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. >> first, expect rate cuts, though jay powell cryptic, not saying when. the rest of the voting members are walking a precarious tight rope, where to set rates but it's an election year. at this hearing powell is telling lawmakers on the house financial services committee that data is looking good and the dangers of cutting rates too quickly, would like to see more. with the high points he's making note of that housing services inflation a.k.a. rent is coming down, goods prices are too and he says he feels good about achieving a soft landing. >> no reason to think the us economy is in short-term risk of falling into recession. having said that, there's always a problem, a possibility, meaningful possibility that economy will fall into recession. i don't think that possibilities elevated at the current time. >> reporter: patrick mchenry asked powell how much rate cutting we will see this year. powell's answer is noncommittal as always, depends on the path of the economy. wall street not expecting cuts in march. everyone in addition to the march meeting, fou
. >> first, expect rate cuts, though jay powell cryptic, not saying when. the rest of the voting members are walking a precarious tight rope, where to set rates but it's an election year. at this hearing powell is telling lawmakers on the house financial services committee that data is looking good and the dangers of cutting rates too quickly, would like to see more. with the high points he's making note of that housing services inflation a.k.a. rent is coming down, goods prices are too...
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powell is trying to do look. it is holy week i want to end on beautiful note because you wrote an incredible book, to museum took me on a tour to met pollan museum of part pointed out the painting 1562 to 1563 how it applies during the blessed holy week. >> this is one of the largest oil paintings in the world 2 two feet high, 33-feet long, hangs at the louvre across from mona lisa the christ first miracle turned to wine, a precursor of tomorrow the passover, supper last supr with apostles quotes, painting after da vinci quotes did vinci's painting of last supper. >> i was going to say reminds me of last supper. >> in milan insspectacular. >> so that is the sacrifice of the lamb sacrifice of christ, also to easter because christ who died in this time 1600 years earlier with all these people a portrait of people of the age. maria: i love it. >> we are all invited to the feast for the party when you look at good friday looks kind of sad going to end well going to end in a big -- >> your thoughts, i wish you a bless
powell is trying to do look. it is holy week i want to end on beautiful note because you wrote an incredible book, to museum took me on a tour to met pollan museum of part pointed out the painting 1562 to 1563 how it applies during the blessed holy week. >> this is one of the largest oil paintings in the world 2 two feet high, 33-feet long, hangs at the louvre across from mona lisa the christ first miracle turned to wine, a precursor of tomorrow the passover, supper last supr with...
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indicated a decline for the dow industrials but again for the nasdaq and s&p 500 even just barely, jay powell takes on worries of the banking system yesterday in his testimony to the senate banking committee, the u.s. banking system can handle this issues in commercial real estate while he signaled more banks may fall in the regulations are coming. we will preview the regulations while awaiting key job stated this morning. it is jobs friday the fibroid jobs report out at 8:30 a.m. eastern, all hands on deck. european markets are mixed, take a look at the eurozone, the s&p 100 and bonded as lower by 33, the cat crown in paris is higher by 17 and dax index in germany lower by ten. in asia overnight green across the board, take a look at asia you will see the best performer overnight, the korean index, cosby index one and a quarter percent, the others will be higher fractionally. joining the conversation gop strategist joe pinion, cheryl casone and lonski group founder john mann ski. "mornings with maria" is live right now. ♪ ♪ ♪. maria: time for the hot topic of the hour president
indicated a decline for the dow industrials but again for the nasdaq and s&p 500 even just barely, jay powell takes on worries of the banking system yesterday in his testimony to the senate banking committee, the u.s. banking system can handle this issues in commercial real estate while he signaled more banks may fall in the regulations are coming. we will preview the regulations while awaiting key job stated this morning. it is jobs friday the fibroid jobs report out at 8:30 a.m. eastern,...